Mendes Charters Reported the Following Information at December 31,2017: Mendes

Multiple Choice

Mendes Charters reported the following information at December 31,2017: Mendes' total contributed capital is
$\begin{array}{lr}\text { Preferred stock } \$ 100 \text { par, } 500 \text { shares authorized, and outstanding; }\\\text { cumulative; nonp articipating; call able at par value } & \$ 50,000 \\\text { Common stock } \$ 12 \text { par, } 50,000 \text { shares authorized and outstanding } & 600,000 \\\text { Additional paid-in capital—common } & 25,000 \\\text { Retzined earnings } & 825,000\end{array}$

A) $650,000.
B) $675,000.
C) $1,500,000.
D) $625,000.